Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $58,320.00 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 9,720 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $6.00, for a total value of $58,320.00. Following the completion of the transaction, the insider now owns 219,366 shares of the company’s stock, valued at $1,316,196. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kate Dehoff also recently made the following trade(s):

• On Wednesday, March 5th, Kate Dehoff sold 1,121 shares of Joby Aviation stock. The shares were sold at an average price of $6.59, for a total value of $7,387.39.
• On Thursday, February 13th, Kate Dehoff sold 6,903 shares of Joby Aviation stock. The stock was sold at an average price of $7.43, for a total value of $51,289.29.
• On Monday, January 13th, Kate Dehoff sold 6,205 shares of Joby Aviation stock. The shares were sold at an average price of $8.10, for a total transaction of $50,260.50.

Joby Aviation Trading Down 5.4 %

Shares of Joby Aviation stock opened at $5.36 on Friday. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of -7.65 and a beta of 2.35. The company has a fifty day moving average price of $6.96 and a 200 day moving average price of $6.94.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently modified their holdings of the stock. Toyota Motor Corp acquired a new position in Joby Aviation during the 4th quarter worth approximately $640,259,000. Uber Technologies Inc acquired a new position in shares of Joby Aviation during the fourth quarter worth $207,842,000. Vanguard Group Inc. boosted its stake in shares of Joby Aviation by 15.8% in the fourth quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company’s stock valued at $380,163,000 after purchasing an additional 6,388,232 shares during the period. Nuveen Asset Management LLC boosted its position in Joby Aviation by 331.4% in the 4th quarter. Nuveen Asset Management LLC now owns 4,260,082 shares of the company’s stock valued at $34,634,000 after buying an additional 3,272,597 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in Joby Aviation by 4.3% in the fourth quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company’s stock valued at $447,412,000 after purchasing an additional 2,281,161 shares during the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

JOBY has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $9.00 target price on shares of Joby Aviation in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their target price on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Thursday, February 27th. HC Wainwright reissued a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. Canaccord Genuity Group upped their price target on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Joby Aviation in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.90.

About Joby Aviation

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.